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Cactus WHD Product revenue — Total revenues

Other product segments

Rental revenue
$15.93M-41.3%

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Other financials

Income statement

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Revenue$388.3M+38.5%
Operating income$49.5M-27.8%
Net income$32.9M-25.6%
EPS (diluted)-$0.70-209%

Balance sheet

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Cash & equivalents$291.6M-16.1%
Total debt$55.2M+28.0%
Total equity$1.2B+7.4%
Total assets$2.5B+38.9%

Cash flow

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Operating cash flow$128.3M+209%
CapEx$282.0K-69.1%
Free cash flow$128.0M+215%

Valuation

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Market cap$5.5B+102%
Enterprise value$5.26B+123%
P/E35.5×+20.5×
P/S4.6×+2.2×

Profitability

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Operating margin19.5%-6.5pp
Net margin13%-3.8pp
FCF margin26.4%

Returns & leverage

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Return on equity13.5%-5.6pp
Debt / equity0.0×
Current ratio2.6×-2.2×

Where this comes from

Reported directly by Cactus in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Cactus’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 11:23 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-032636
(in thousands, except per share data)Three Months Ended March 31, 20262025
Revenues
Product revenue$297,237$208,961
Rental revenue15,93027,122
Field service and other revenue75,18244,236
Total revenues388,349280,319
Costs and expenses
Cost of product revenue207,491121,456
Cost of rental revenue10,57313,735

Item 1. Financial Statements.

FAQ

What is Cactus's product revenue — total revenues?
Cactus (WHD) reported product revenue — total revenues of $297.24M in Q1 2026.
How has Cactus's product revenue — total revenues changed year-over-year?
Cactus's product revenue — total revenues increased by 42.2% year-over-year, from $208.96M to $297.24M.
What is the long-term trend for Cactus's product revenue — total revenues?
Over 4 years (2021 to 2025), Cactus's product revenue — total revenues has grown at a 30.9% compound annual growth rate (CAGR), from $280.91M to $825.47M.
What does product revenue — total revenues mean?
This metric represents the total gross revenue generated specifically from the sale of products within the company's portfolio. It serves as a primary indicator of market demand for manufactured equipment and hardware offerings. Tracking this figure helps investors assess the scale and growth trajectory of the core product business independent of service-related activities.

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